Lord Abbett & CO. LLC bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 762,580 shares of the company's stock, valued at approximately $27,987,000. Lord Abbett & CO. LLC owned approximately 0.44% of Waystar as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of WAY. Stifel Financial Corp acquired a new position in Waystar during the third quarter worth $204,000. Jane Street Group LLC acquired a new position in Waystar during the third quarter worth $539,000. Barclays PLC raised its holdings in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after buying an additional 56,834 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after buying an additional 96,552 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Waystar during the fourth quarter worth $1,905,000.
Waystar Price Performance
Shares of WAY stock traded up $0.39 during trading hours on Tuesday, reaching $37.03. The stock had a trading volume of 1,568,280 shares, compared to its average volume of 1,379,442. The stock's fifty day simple moving average is $37.94 and its 200 day simple moving average is $35.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.
Insider Activity
In related news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the transaction, the insider now owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. This represents a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. This represents a 7.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,411,461 shares of company stock worth $528,743,995.
Wall Street Analyst Weigh In
Several analysts have recently commented on WAY shares. Bank of America increased their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial started coverage on shares of Waystar in a report on Friday, March 14th. They issued a "buy" rating and a $45.00 target price for the company. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their target price on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group started coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price for the company. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $40.33.
Check Out Our Latest Analysis on WAY
Waystar Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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